In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor emerged as frontrunners, boasting increases from 19.2% to an impressive 39.7%. Conversely, manta network, conflux, and injective experienced downturns ranging from 17.1% to 27.2%.
Crypto’s Top Performers and Underachievers, Jan. 29 to Feb. 5
Currently, the crypto market, with its thousands of assets spread across over 700 unique digital currency exchanges, holds a valuation of $1.63 trillion, having experienced a slight dip of 0.75% in the last 24 hours. Within this vast economy, bitcoin (BTC) claims a dominant 51.1% of the total market value, while ethereum (ETH) secures 16.9%.
Despite their leading positions, BTC and ETH have displayed minimal excitement this week, with their values fluctuating within tight ranges. Nonetheless, a notable seven cryptocurrencies have achieved double-digit gains against the dollar.
Leading the charge, Flare (FLR) experienced a remarkable surge of 39.7% over the week, with its price reaching $0.031 per unit. Following closely, Chainlink (LINK) enjoyed a 29.1% increase, with its value hitting $19.20 per LINK.
The AI-driven cryptocurrency bittensor (TAO) also made significant strides, climbing 19.2% to trade at $432.41 per unit. Additional cryptocurrencies such as PYTH, IMX, LUNC, and RON also saw substantial gains, ranging from 10.3% to 17.7% this week.
Beyond RON, a modest 14 cryptocurrencies achieved single-digit growth over the same period. On the flip side, the past week wasn’t as kind to certain cryptocurrencies. Manta network (MANTA) saw a decline of 27.2%, while conflux (CFX) dropped 17.2% against the U.S. dollar.
Injective (INJ) and the BRC20 token SATS both faced setbacks, with losses of 17.1% and 17%, respectively. Additionally, Bonk (BONK) and Lido’s LDO token recorded decreases of 14.5% and 13.5%, respectively. In total, ten cryptocurrencies reported double-digit declines, with dozens of others experiencing minor single-digit losses throughout the week.
Source: Bitcoin
